B&M European Value Retail (LON:BME) Price Target Lowered to GBX 250 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank has lowered its price target for B&M European Value Retail from GBX 340 to GBX 250, maintaining a "buy" rating, which indicates a potential upside of 42.79% from the current stock price.
• Several other analysts, including Jefferies Financial Group and Citigroup, have also adjusted their price targets downwards, with consensus ratings showing a "Moderate Buy" and an average price target of GBX 322.78.
• Insider activity revealed that company insiders acquired a significant number of shares, purchasing 257,380 shares worth approximately $62 million over the last quarter.

B&M European Value Retail (LON:BME - Get Free Report) had its target price dropped by research analysts at Deutsche Bank Aktiengesellschaft from GBX 340 to GBX 250 in a report issued on Monday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 42.79% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Shore Capital reiterated an "under review" rating on shares of B&M European Value Retail in a research report on Monday. Jefferies Financial Group lowered their price objective on B&M European Value Retail from GBX 305 to GBX 265 and set a "hold" rating on the stock in a research report on Monday, October 13th. Citigroup lowered their price objective on B&M European Value Retail from GBX 361 to GBX 290 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. Berenberg Bank lowered their price objective on B&M European Value Retail from GBX 590 to GBX 450 and set a "buy" rating on the stock in a research report on Thursday, October 9th. Finally, Canaccord Genuity Group reduced their target price on B&M European Value Retail from GBX 490 to GBX 395 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, B&M European Value Retail has a consensus rating of "Moderate Buy" and an average price target of GBX 322.78.

B&M European Value Retail Trading Up 4.4%

Shares of BME stock opened at GBX 175.08 on Monday. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. B&M European Value Retail has a 52-week low of GBX 162.05 and a 52-week high of GBX 411.30. The company has a market capitalization of £1.76 billion, a PE ratio of 5.51 and a beta of 1.05. The business's fifty day moving average is GBX 239.52 and its 200 day moving average is GBX 270.57.

Insider Activity

In related news, insider Tjeerd Jegen acquired 79,500 shares of B&M European Value Retail stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of GBX 250 per share, with a total value of £198,750. Insiders bought 257,380 shares of company stock worth $62,468,940 over the last quarter. 22.78% of the stock is currently owned by company insiders.

About B&M European Value Retail

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.

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